SINGAPORE Sumitomo Mitsui Financial Group's (SMFG) chances of snapping up Indonesia's PT Bank Permata have improved after two key rivals dropped out of the race to buy the $2.4 billion-valued lender, sources said on Friday.
SINGAPORE, Nov 15 Sumitomo Mitsui Financial
Group's (SMFG) chances of acquiring a majority stake in
PT Bank Permata have improved after two key rivals
dropped out of the race to buy the $2.4 billion-valued
Indonesian lender, sources said.
TOKYO Mizuho Financial Group reported a 20% drop in first-half profit on Thursday, as ultra-low interest rates have left the most domestic of the major Japanese banks limping behind its bigger rivals.
* H1 profit pushed up last year by release of bad loan
SINGAPORE Sumitomo Mitsui Financial Group (SMFG) and Singapore lender OCBC Group Holdings are vying to buy Indonesia's PT Bank Permata and are working on respective offers, sources familiar with the matter said on Thursday.Japanese and other Asian banks are increasingly targeting a presence in Indonesia in the hope of tapping an emerging middle class in the country with a population of 260 million people.
TOKYO Japan's Government Pension Investment Fund, the world's largest pension fund, reported on Friday a profit of 1.8 trillion yen ($16.7 billion) for July-September, but disclosed fewer details than usual as it reassesses its investment portfolio.
* No new comments on president's scandal
(Adds details on scandal involving president)
TOKYO Japan's Nomura Holdings posted its strongest quarterly profit in more than 17 years, lifted by the sale of a stake in an affiliate as well as trading gains and improved performance at its wholesale division.
* Wholesale division registers fourfold growth in pretax
TOKYO, Oct 16 The Bank of Japan (BOJ) needs to
be careful when deciding whether to deepen negative rates, the
head of Mizuho Bank said, adding the contentious issue of
charging account maintenance fees should be seen as separate
from monetary policy.